Diablo 3 News - Downtime Paves Way for 1.0.4 Patch

Diablo III servers are currently down for maintenance and, when complete, will see the launch of the v1.0.4 patch bringing significant changes to the game. Included in the latest update is the new Paragon system that will provide level 60 players a significant endgame experience.
New System added: Paragon LevelsAfter a player reaches level 60, killing monsters and completing combat challenge streaks (Killing Blow, Massacre, etc)  will begin to award experience towards
Paragon levels
There are 100 Paragon levelsEvery Paragon level will reward you with:Core stats such as Strength, Dexterity, Intelligence, and Vitality in amounts similar to what you'd gain from a normal level3% Magic Find and 3% Gold Find
In addition, a distinctive border will surround your character portrait in the in-game party frame to denote your Paragon progression, with a new frame earned after every ten levels. Your Paragon level will also be visible to other players wherever your normal level is shown.